Page 3 Advertisements Column 2

New Zealand Times, Volume XXXIII, Issue 5342, 11 May 1878, Page 3

1 JProsijectns The colonial insurance com- ; EANY HE NEW ZEALAND, ; (Registered under the joint' Stock Companies Acts), for EIRE AND MARINE INSURANCE. Capital ... ... Two Millions Sterling; - In 200,000 Shares of £lO each. /- . / Ten Shillings per Share payable thereon, making £IOO,OOO Cash Capital. , Eirst issue, 100,000 shares/ 2s. 6d, per share, payable on application ; ss. 6d. upon allot’ment; and ss. per share at call, not’ less • , than three months after registration. -- Chief Offices . - - ' Wellington . „ BOARD OE DIRECTORS. Chairman: : The Hon. O. J. Pharazyn, M.L.C., Chairman Local Board Australian ■ Mutual Provident Society. .■ / ■ Vice-Chairman :. , ■/' The Hpu. Randall Johnson,M.L.O., Managing Director Northern. Land and Loan Company. ,;■ •' ./ ■ . ■ Jacob Joseph, Esq., Merchant.; , , ; A. de B. Brandon; Esq., M.H.R.,. Local Director Australian , Mutual i . Provident Society. E. \V. Mills, Esq;, Merchant. ■ ■: The Hon., M. S. Grace, M.L.GV, Local .... ; Director; Australian, .Mutual Provident .Society. • /■ ; ■ Walter J. Nathan, Esq,, Merchant, ; ,• ‘ 'V. , Solicitors ; : ■ .'Messrs. Brandon & Son, Wellington.-, , . General Manager ;../■ ■ ■ : I ;■ George Samuel Graham, Esq.- ; ; j (Now Inspector for the Norwich Union Fire Insurance' Society/and formerly Agont for the Swiss . Lloyd Marine Insurance Company, and General Agent.for the Batavia;Sea and Fire Insurance Company.) , ... Bankers': • , ; . The Bank on New Zealand. . • , . : . Secretary ; : ■ ■Eor organisation. :(ahtl subsequently agent for l ,: Canterbury), . Mr. Eredk. E; A. Graham; Copies of tbe Memorandum and Articles of . Association can be seen at the Office of tbe~ Company, and at any of tho Branches of the Bank,of New Zealand, where Eorms of Application can be obtained, and deposits will be received. The,-Directors each: subscribed for £IOOO • cash (being part/of the- ordinary capital), prior to the formation of . the; Company, and have undertaken its organisation .as; a; thoroughly Colonial institution/ with head-' quarters in Wellington. - ’•'• r ! J'- ; | One-half, only of the shares will_.be irame- j 'cl lately issued,' and the. Directors,' having; already apportioned a considerable’number in; securing a large amount, of important/support,’; are prepared to place the available balance fair proportions. throughput the/Colony' with/ persons whoso.;business or influence ris/oaloulated to be valuable to the Company in the’ mutual interests ; of all concerned;;;; ; The Company being’thus possessed of strong’ ; insurance support, and’being able to offer tbe public tho guarantee of ample cash capital, with thorough security, 1 will’ commence business, the .whole .of - the--remaining--100,000, shares being-reserved; for: allotment iu-sucoes-' sive issues to actual- insurers with the Com--pany; under, tho pro visions’of the Articles of; Association, in. proportion to the insurance premiums paid by them. The proportion of, shares for issue,,.;compared to the amount of pounds sterling of. insurance premiums paid,'i will be declared from time to: time at the discretion of the Directors, so as to offer a con- "i tinuous inducement to insurers to join the Company.;; ■ - ■• -'■ 1 ~ 1 , j ■ . Several of the "directors have had experience of the great advantage of mutuality in con-, neotion with the most successful-LifeA ßßoo '* l " tion/Assurah’oe existing, and, after long consideration, the Board are satisfied that the present proposal comprehends the most practical embodiment of that principle applicable to Eire and-Marino business. ” ;. The'Directors ore fully alive-to the importance of considering in the first allqtm'ent the ■great body of small insurers, and they have also determined, notwithstanding any pressure, upon maintaining the chief point of their proposal, via., that they will keep in hand tbe whole of the remaining 100,000 shares for future allotment to . actual insurers upon , the definite’ and equitable basis above stated, which places all ranks of insurers upon an equal footing. ■ The' Directors have therefore calculated upon: the following results, viz : That tho method of fixing the capital will attach a large amount of business, and that the Company will have the sympathies of-the ’public as •& colonial institution, open to:;alI insurers upon a mutual principle, and. yet backed by large capital, security, and business. The Companies hitherto formed have been uniformly successful, and the rapid progress of the Colony fully warrants the foundation of a similar institution in its Capital City. The rates and general terms of business of the Company will be similar, to whatever may be current from time to time, as the insured will be enabled to participate as nearly as possible in proportion to the profits derivable therefrom. It is not' anticipated that any furtlier 'calls will be made. The applications for shares will be considered as received, and the Lists will be closed in each Province at the discretion of the Directors. . 1 ' The Bank of New Zealand is now prepared to receive applications for shares: Tenders

ZE ALAND’RAILWAYS. 878 TONS OF 62-nn. IRON RAILS AND FASTENINGS FOR - THE • NEW • ZEALAND RAILWAYS. Public Works Office, . . . Wellington, 6th February, 1878..' •WRITTEN' TENDERS will be received at this office until NOON on MONDAY, the 22nd JULY, 1878, for the ' above ‘ contract. They • must ■ be' addressed to the Hon. the Minister for Public Works, Wellington, and marked outside “Tender for Rails and Fastenings.” Plans and specifications may bo seen at the ‘ Public Works Offices,; Auckland, Christchurch, Dunedin, Invercargill, and' Wellington, and at ■ Railway Manager’s Office,: Napier, Chief., Surveyor’s Office, Nelson. Telegraphic tenders, similarly addressed and marked, will be received if presented at any'telegraph office ,by Noon of : the same date, provided that written tenders in .due form are. lodged at any of the above-named offices .by. the same hour, and accompanied by . a cheque on some bank in the'town where the tender is lodged ; such cheque to be specially marked by a banker as good for, 21 days, and to be in favor of the Receiver-General’s, deposit account ionly, and not to bearer or order. - The lowest or any tender, will not necessarily bo accepted. ! By command. , ■ JOHN CARRUTHERS, .rur .Engineer-in-Chief. ZEALAND RAILWAYS. ; KAIPARA-PUNIU RAILWAY. OHAUPO CONTRACT (FORMATION, 1 PERMANENT. WAY, AND BUILDINGS.) , i LENGTH ABOUT G-MILES 21 CHAINS. Public Works, Office, ' . ... Wellington, ,11th April, 1878. r;' WRITTEN TENDERS will'be received at this office until NOON on WEDNESDAY, the' ISth MAY, 1378, for the ahovo contract. They must be addressed to the Hon. the, Minister for Public Works,Wellington, and' marked outside, “Tender for Ohaupo Contract.” Plans and-specifi-cations may be seen at the Public Works Offices, Auckland, Wanganui, Wellington, Christchurch, Dunedin, and Invercargill j- the Chief Surveyor’s, Office,.: Nelson ; and the Railway Manager's Office, Napier. Tele* graphic tenders, similarly .addressed and marked, will bo received if presented at any Tele-_ .graph Office by NOON of the 1 'same - date;' provided that written tenders in due form are lodged at any of the;, above-named, offices by the;,same hour, ’and’ accompanied by 1 a cheque on some bank in the town where the tender is lodged ; such cheque to bo specially marked by a banker as good for twenty-one days, and 1 to be in favor of, the Receiver-General’s Deposit/Account only) and not to bearer or order. The lowest or any tender will not necossarily.be accepted. ; By command. ; ... ; JOHN CARRUTHERS, I , . , ... i Engiuoer-in-Ohief. ; ; N.8.-—Plans for this contract can be purchased at the above offices.